Medical equipment finance is its own discipline within lending — because the machine is the collateral, lenders fund far more aggressively than any general business loan: 85–100% of the invoice value, tenures matched to the equipment's earning life, and sanction cycles of days when the purchase runs through a manufacturer tie-up program (GE, Siemens, Philips and major Indian OEMs all have them).
The economics work because imaging and treatment machines are revenue printers with predictable per-scan or per-cycle income. Lenders model exactly that: an MRI doing 8–10 scans a day comfortably services its own EMI, and the appraisal is essentially a utilisation projection. High-value imaging (MRI/CT) also requires AERB registration — a compliance step we build into the file rather than letting it surface as a last-minute objection.
Whether you're a solo dentist buying a ₹6 Lakh chair or a hospital commissioning a ₹6 Crore 3T MRI, the equipment route is almost always cheaper and faster than funding the same purchase through a generic business loan — and we run the comparison explicitly before you sign anything.
Equipment we get financed
Imaging
MRI, CT, digital X-ray, ultrasound/doppler, mammography, cath labs.
Critical care
Ventilators, patient monitors, defibrillators, complete ICU setups.
Diagnostics & lab
Analysers, ECG/EEG systems, pathology and molecular lab instruments.
Dialysis & nephrology
Dialysis machines and RO plants for standalone and hospital units.
Dental & ophthalmic
Dental chairs, CBCT, phaco machines, OCT and LASIK suites.
OT & surgical
Modular OT builds, laparoscopy towers, anaesthesia workstations, C-arms.
Interest rates & terms (2026, indicative)
| Lender type | Interest rate | Typical LTV / funding |
|---|---|---|
| Bank equipment finance | 9.00% – 11.50% p.a. | 85% – 100% of invoice |
| NBFC / OEM tie-up programs | 10.00% – 13.00% p.a. | Up to 100%, fastest closure |
| Refurbished-equipment programs | 11.00% – 13.50% p.a. | 70% – 85% of certified value |
Rates are indicative market ranges for mid-2026 and vary by lender policy, credit profile and security. Final pricing rests with the sanctioning bank/NBFC.
Eligibility (typical)
- Practising doctor, hospital, diagnostic/imaging centre or IVF centre
- Relevant registrations (clinical establishment; AERB for radiology equipment)
- 2–3 years' practice/business vintage (relaxed under OEM programs)
- Proforma invoice from manufacturer/authorised dealer
- Income/utilisation supporting the EMI
- CIBIL 700+ preferred; equipment security allows flexibility
Documents required
- Proforma invoice & equipment specifications
- KYC and professional registration/entity papers
- 2–3 years' ITRs & financials
- 6–12 months' bank statements
- AERB registration/application (for radiology machines)
- Existing loan track record if any
Equipment Loan EMI Calculator
Indicative only — final rate and eligibility are decided by the lender based on your profile and security.
How CreditCares gets you sanctioned faster
Profile & lender match
We map your financials and security to the lenders — from our 80+ bank & NBFC panel — most likely to approve on the best terms.
Bank-ready file
Financials, projections, property/KYC papers structured exactly the way credit teams want to see them.
Negotiation & follow-up
We place the file with multiple lenders, negotiate rate, LTV and fees, and keep approvals moving.
Sanction & disbursal
Terms finalised, sanction issued, funds disbursed — tracked end to end by one team.
Frequently asked questions
Is 100% funding of the machine really possible?
Yes — under manufacturer tie-up programs and for strong profiles, lenders fund the full invoice including accessories and sometimes installation, with zero margin money. Standard non-tie-up deals run 85–90%. Either way it beats the 60–70% effective funding a general loan would give the same purchase.
Can I finance a refurbished or imported second-hand MRI?
Yes, through refurbished-equipment programs — funding of 70–85% against OEM-certified refurbished machines with valid service warranty. Grey-market imports without certification are not financeable, and we'd advise against them regardless.
What happens to the loan if the machine breaks down or becomes obsolete?
The EMI continues — which is why tenure should track the machine's realistic earning life (5–7 years for most imaging), why comprehensive maintenance contracts matter to lenders, and why some programs bundle insurance. We match tenure to technology-refresh cycles so you're not paying for a museum piece.
I'm setting up a new diagnostic centre — can equipment be financed before revenue starts?
Yes. Greenfield centres are financed on the promoter's profile plus a utilisation projection — location, referral tie-ups, competing capacity. OEM programs are notably friendlier to new centres than bank desks, and a diagnostic-franchise agreement strengthens the case further.
Equipment loan or loan against property — which is cheaper for a ₹2 Crore machine?
If you own unencumbered property, a healthcare LAP can price 0.5–1.5% lower — but takes 3–5 weeks and ties up the property. Equipment finance closes in a week and touches nothing else you own. For revenue-generating machines the speed usually wins; we'll price both routes for your specific case.
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Get my free eligibility check Call +91 98300 38870Disclaimer: CreditCares is a private loan consultancy / DSA — not a bank, NBFC or government body. Interest rates, LTV and eligibility parameters shown are indicative market ranges for 2026 and change with lender policy. Loan approval, pricing and terms rest solely with the sanctioning bank/NBFC. Tax notes are general summaries — consult a Chartered Accountant before claiming deductions.